Archive for July, 2010

New Directives

The Fractional and Shared Ownership Trade Association(FSOTA) says that fractional operators will have to comply with the new European Union Timeshare Directive, which will be implemented into national law by 23 February 2011.

Some countries, notably France, have implemented the Directive already, while others such as the UK and Finland, have recently issued draft proposals for new laws and several are consulting interested parties.

Full report here

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A New Code

TATOC, the Timeshare Association, announces the launch of a new Code of Practice for re-sale companies.

TATOC has announced the launch of a new Code of Practice specifically for timeshare re-sale companies. The new Code has been established to provide maximum consumer protection while providing a fair and equal opportunity for re-sale companies operating within the Code’s guidelines.

Worldwide Timeshare Hypermarket and Travel and Leisure Group, two of the UK’s largest timeshare re-sale organisations have already signed up to the Code. ( Source: TATOC Website )

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At public forums, I have often been asked about the various hats that we wear in the management and running of AIRDA. And that’s a tough one to answer because there’s more than one key role that AIRDA plays in enlarging the scope and development of the timeshare and vacation ownership industry in the country.

Among the various roles that we play, representing the industry at the government level is perhaps the most engaging. Because it can take years of active lobbying before you can make an impression. Our efforts with the Ministry of Tourism (MOT) to give the industry its fair share in the sun have been result oriented and we have made visible headway.

More at this link, on the AIRDA website >


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In a move designed to offer consumers greater protection, the government of Alberta, Canada has introduced new laws regarding the regulation of timeshare, reports the Calgary Herald. The move comes as Canada is witnessing a surge in popularity of fractional ownership real estate at the expense of timeshare.

From November 2010, anybody selling timeshare will be required to obtain a license from the provincial government and to clearly disclose their terms and conditions, said Service Alberta Minister Heather Klimchuk.

Full details here. ( Source: FractionalLife.com)

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Research and Markets has announced the addition of the “Vacation Ownership (Timeshare) Industry Report: 2010 Edition” report to their offering.

The report offers an analysis of the global vacation ownership market. It discusses major market trends, growth drivers and challenges. It presents the competitive structure of the industry and profiles major players in the vacation ownership market with a discussion of their key business strategies.

Full information here

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The Government is moving to strengthen consumer protection around holiday timeshares with its new consultation.

The Department for Business is seeking views from businesses, consumers, enforcement authorities, and other interested parties on the transposition of the European Commission’s new Timeshare Directive into UK law. This will introduce common rules across the European Community by February 2011 and set the conditions for fair trading in timeshares.

Full information here

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Selling Timeshare?

Timeshares Daily reports of a company http://www.selling-a-timeshare.com which makes it easier for owners.

Due to the economic environment, many timeshare owners want to sell their properties. And, the reselling process has been a long and tedious process. Plus, owners get to recover just a small portion of the original sales price. The website has been selling timeshares for years and can get results quickly for sellers.

Using a timeshare broker will allow owners to integrate their personal interests for purchases. Brokers provide the necessary cushion between the seller and the buyer.

Selling a timeshare will take time and effort due to market complexities and regulations. Unless the seller has a firm understanding of the timeshare resale market, it is best to leave resale duties to the experts.

For more information, please visit www.selling-a-timeshare.com

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India’s incredible timeshare growth

Radhika Shastry, RCI India managing director was a guest on the first episode of Today’s Timeshare, a new podcast devoted to the industry and produced on behalf of RCIVentures.com.

Also on the show is Ranjana Biswas, senior manager of PR and communications for RCI India.

You can listen to the entire broadcast here

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Salary Survey

Keith W. Trowbridge, Ph.D. president of Executive Quest, Inc. www.execq.com has recently announced the results of the annual salary survey of the timeshare/vacation ownership/fractional, hospitality industry.

A full copy of the salary study may be purchased at www.execq.com/salarystudy.htm

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From PRWeb:

Perspective International has announced the latest addition to its contingent of magazines and online media outlets with the creation of an Asia Pacific edition of the magazine. This will be the fourth regional version of the shared ownership industry’s largest independent publication, complimenting existing magazines in North America, South Africa and the International version.

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